30+ Acres For Sale- Potential Development in Knoxville
Vacant Land
for Sale
| Catylist Listing ID: |
30845847 |
| Property Subtypes: |
Multi-Family, Residential (Single Family)
|
| Gross Land Area: |
30.43 Acres
|
| Sale Price: |
$1,750,000 |
| Unit Price: |
$57,509 Per Acre |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/6/2023 |
Overview / Comments
|
This 30+ ACRES is prime for development in a rapidly growing area - just 5 minutes from Knoxville's South Waterfront and 7 minutes from the University of Tennessee and Downtown Knoxville! This area is just on the cusp of major growth and most certainly will experience an influx of opportunities for developers, renters, owners, and the community. The City of Knoxville 2023 One Year Plan shows mid-density, public parks, and open space around the subject property. It is currently in the low density subdivision sector, but it is possible to rezone as it was zoned for higher density previously. Topography is nice for building with mostly level and gentle slope as this property stretches from Delrose Drive to Brooks Ave at the rear of property. Seller would consider partnering with a developer/investor. Property is currently wooded; there is a 10x20 cleared section to pull off at commercial signage.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
082MC037 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,749 |
52,829 |
126,073 |
| Median Age: |
39.85 |
36.63 |
35.21 |
| Households: |
2,380 |
23,071 |
52,864 |
|
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